PT Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
PT Japfa Comfeed Indonesia Tbk Class A — Q3 2019 Earnings Presentation
22 slides from PT Japfa Comfeed Indonesia Tbk Class A's earnings presentation, 2019
Slide 1: Investor Presentation
INVESTOR INVESTORPRESENTATION PRESENTATION 3Q FY2018 2017
Slide 2: Agenda
Agenda Company Overview Key Investment Highlights Financial and Operational Highlights 1
Slide 3: 2
2
Slide 4: Company overview
Company overview Core competencies across the value chain 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology & genetics – 2nd largest feed and DoC producer in Indonesia with significant scale across the value chain: – Exclusive relationship with Aviagen for the sourcing of grandparent stock with superior genetics which i
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader with growing presence in other proteins − Cattle fattening business in Indonesia − Core business and stable segment of Others the value chain Cattle 4% − Cost plus pricing model allows the − Aquaculture is primarily a 4% Company to pass on a
Slide 7: Growing responsibly
Growing responsibly Japfa’s animal protein business in Indonesia showed strong sales growth in the 2010 – 2014 period driven by strong poultry demand, which then stagnated in the 2014 – 2015 period. After the down-cycle, Japfa’s poultry business resumed growth in 2016. Japfa’s annual capex budge
Slide 8: Key Investment Highlights
O), PFA Key Investment Highlights
Slide 9: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Leading Market Positions in Multiple Protein Staples 5 Experience
Slide 10: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Ample room for sustained growth in business locations with one of the lowest poultry consumption per capita rates in Asia. Strong projected growth in GDP per capita to underpin growing protein consumption
Slide 11: Leading integrated poultry national champion with nationwide footprint
2 Leading integrated poultry national champion with nationwide footprint 2nd largest Indonesian poultry feed and DoC Nationwide footprint with presence in all major producer islands Poultry feed production capacity market share (%) Poultry Breeding Farms & Poultry Feedmills 34% 31% Japfa is the larg
Slide 12: Poultry Feed: Stable Base Margin
Poultry Feed: Stable Base Margin 400 16.0% 350 14.0% LTM OPM Poultry Feed 12.0% 300 Price Change3 10.0% 250 8.0% 200 6.0% 150 4.0% 100 2.0% 50 0.0% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Sep-10 Sep-11 Sep-12 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Mar-10 Mar-11 Mar-1
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 39,113 4,332 22.6% 40,000 4,350 34,650 35,000 30,923 3,850 995 17.5% 28,592 13,642 3,192 30,000 3,350 12,240 348 10.9% 13.4% 12.0% 10.9% 2,586 25,000 10,899 2,850 1,341 10,270 9.
Slide 14: Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company
4 Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 3 billion people living protein staples, dairy, 34,000 people across in our target markets and packaged food that Singapore, Indonesia, More than 40% of the nouris
Slide 15: Leading Market Positions in Multiple Protein Staples
4 Leading Market Positions in Multiple Protein Staples Leading upstream regional market positions Milk Yield1 China 36 kg/day #1 Poultry Feed Production Capacity2 Indonesia 24% #2 DOC Production2 Indonesia 29% #2 DOC Production3 Vietnam 20% #3 Poultry Feed Production Capacity3 Myanmar 31% #2 DOC Pro
Slide 16: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles Board of Commissioners Syamsir Siregar Hendrick Kolonas Jaka Prasetya Retno Astuti Ignatius Herry Ito Sumardi President Vice President Commissioner Wibisono Wibowo Djuni Sanyoto Commissioner C
Slide 17: Financial and Operational Highlights
197 Financial and Operational Highlights 16
Slide 18: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT Rp Billion Rp Billion Rp Billion Rp Billion 3Q 2019 8,935 437 661 222 +3.5% y-o-y -53.3% y-o-y -41.2% y-o-y -62.2% y-o-y 3Q 2018 8,633 936 1,125 589 Low broiler ASPs persist for three consecutive quarters as a result of continu
Slide 19: PT Japfa Tbk – Stable rolling operating profit
PT Japfa Tbk – Stable rolling operating profit PT Japfa Tbk is as an agri-food business will always be subject to cyclicality which directly impacts its revenue and profitability. Cyclicality is dependent on a variety of external factors which are beyond the Company’s control, including the season
Slide 20: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 8,935 8,633 1,125 936 437 661 589 222 3Q 2018 3Q 2019 3Q 2018 3Q 2019 3Q 2018 3Q 2019 3Q 2018 3Q 2019 Total Assets Net Debt / Equity (%) CAPEX Total Interest Bearing
Slide 21: Capex FY 2017 – YTD Sept 2019
Capex FY 2017 – YTD Sept 2019 (IDR Billion) 2,289 2,255 1,483 FY2017 FY2018 YTD Sept 2019 20
Slide 22: Thank You
Thank You
PT Japfa Comfeed Indonesia — Q3 2019 Earnings Presentation on 6ix